WTO to add speed

January 11, 2012, 13:29 UTC+3The car sales volumes last year were rather big amounting to some 2,600 million vehicles

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MOSCOW, January 11 (Itar-Tass) — Russia’s automobile market in 2012 will remain the most dynamic in Europe. Almost every fourth resident of Russia will own a car in 2012. However, this indicator is just at the level of the European 1970s, and a number of experts have forecasted a decline in sales.

Nevertheless, the country’s automobile market remains the most dynamic in Europe – analysts are unanimous on that. The dynamics is maintained not only by programs of state support for the national automobile industry, but also by the fact that it is profitable to invest today in Russia’s automobile industry. This process will be especially boosted after Russia’s final accession to the World Trade Organisation (WTO) that is expected in September, Rossiiskaya Gazeta noted.

The car sales volumes last year were rather big amounting to some 2,600 million vehicles, Executive Director of AVTOSTAT agency Sergei Udalov told Rossiiskaya Gazeta. According to him, the fact that with these figures the Russian automobile market takes the second place in sale volumes in Europe after Germany, testifies to its major potential.